perlis investment

8/7/2019 Perlis Investment

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PROFILE OF PERLIS

INVESTMENT OPPORTUNITIES

INDUSTRIAL ESTATE IN PERLIS

COST OF DOING BUSINESS IN PERLIS

EQUITY POLICY

EXCELLENT INFRASTRUCTURE

HUMAN RESOURCE AVAILABILITY

ADVANTAGE FOR LOCATING IN PERLIS

TRAVEL AND TOURISM

CONTACT DETAILS

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TABLE OF CONTENTS


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1INVESTMENT OPPOTUNITIES IN PERLIS

PROFILE OF PERLIS

PERLIS

A UNIQUE STRATEGIC LOCATION

Perlis is located on the north of Malaysia, approximately 500 km

from Kuala Lumpur and 800km from Singapore. Bordered by the

Thailand province of Satun in the north, Kedah in the east and

south and lapped by the gentle waters of the Straits of Malacca

on its western coastline, Perlis exudes a quaint unspoilt beautyand old rustic charm. Its land area of 810km

2and population

of 227,500 make Perlis the smallest state in Malaysia.

The state capital of Perlis is Kangar while the royal town of Arau,

only 10km away, is the disembarkation point of visitors traveling

by rail to Perlis. Perlis lies on both the road and rail routes linking

Singapore and Kuala Lumpur in the south and Bangkok in the North.

Perlis is strategically situated in Indonesia Malaysia Thailand

Growth Triangle (IMT-GT). The IMT-GT was set up to accelerateeconomic growth in the 3 countries and covers an area of

569, 652 sq km with population of approximately 67.7 million.

Perlis is also under the Northern Corridor Economic Region (NCER)

initiative. The NCER development programme is the

Federal Government initiative with private sector to accelerate

economic growth and elevate income levels in the state of Perlis,

Kedah, Pulau Pinang and northern Perak through development ofthe agriculture, manufacturing, tourism and logistics sectors.


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2 INVESTMENT OPPOTUNITIES IN PERLIS

Climate

From January to April, the weather is usually warm and dry withSeptember to December being the wetter months. The annual

temperatures range from 21O

C to 32O

C while average rainfall isbetween 2000mm to 2500mm.

Historical Background

Perlis was originally a part of the older Kingdom of Kedah which wasconquered by Thailand in 1821. The Anglo-Siamese Treaty of 1909transferred suzerainty of Perlis from Thailand to Britain. A formal treatybetween Britain and Perlis was only signed in 1930.

In World War II, the Japanese occupation forces handed Perlis backto Thailand. After the war, Perlis again came under British protectionand it continued until Perlis gained independence with the formationof the Federation of Malaya in 1957.

Economy

During 51 years after independence in 1957, the Perlis StateGovernment embarked on numerous ambitious and imaginativedevelopment programmes in order to hasten the development of

the state. The largest sector of the economy is agriculture (58.9%),followed by services (26.2%), manufacturing (12.2%), construction(1.8%) and mining/quarrying (0.9%). Majority of Perlis are involved inagriculture sector. Thus, one of the strategies the State Governmentwill undertake is strengthening the agriculture sector for incomegeneration and employment as well as poverty eradication andsupply of food productivity. At the same time, the State Governmentwill look for new practices in the agriculture and aquaculture sectorsto maximize production at low cost so as to be competitive inmarket.

Although predominantly an agriculture based state, the StateGovernment will focus more on high-technology industries in future.Industrial estates have developed in Pauh, Kuala Perlis, Padang Besar,Jejawi and Chuping. Industrial activitiy covering plastics products,scientic equipment, textiles and fabricated metal products. StateGovernment also has started developing and promoting touristfacilities and products as a new economic growth sector.


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In the year 2007, The Perlis Gross Domestic Product (GDP) was RM 2.8billion compared with RM 2.6 billion in 2006. The services sector is themain contributor to the state GDP at 53.8% followed by agriculture

sector at 9.5%.

PERLIS LOCATION

INVESTMENT OPPORTUNITIES

All areas are open to foreign participation with special focus on thefollowing sectors:

i. Agriculture / Agro-processing;

ii. Manufacturing;

iii. Property development;

iv. Seafood processing;

v. Engineering and High Technology Industry;

vi. Biotechnology industries; and

vii. Tourism sector / agro tourism.


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WHY PERLIS?

A stable political environment

High degree of personal safety

High quality skilled graduates in engineeringmanagement, technical and ICT.

Low cost of doing business.

Low cost of employment.

Strong economic environment.

Pioneer status Income tax exemption of 100% onstatutory income for 5 years (industrial activity).

Wide use of English

Within the Indonesia-Malaysia-Thailand Growth Triangle

100% foreign ownership permitted in corporate sector

Warm and friendly people


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INDUSTRIAL ESTATE IN PERLIS


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COST OF DOING BUSINESS IN PERLIS

Registration of Foreign Companies

Companies doing business in Malaysia must register with theCompanies Commission of Malaysia (CCM) under the CompaniesAct, 1965. The same registration procedure applies whereby anapplication must be submitted on Form 13A to the CCM with apayment of RM30. If the intended name of the foreign company isavailable, the application will be approved and the name reservedfor three months. For further information, please visit CCM website atwww.ssm.com.my.

Main fees to be paid to the Companies Commission of Malaysia


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EQUITY POLICY

Equity Policy in Manufacturing Sector

Perlis State Government has always welcomed investments inmanufacturing sector. Desirous of increasing local participation inthis activity, the Government encourages joint-venture betweenlocal and foreign investors.

Equity Policy for New, Expansion or Diversication Projects

Foreign investors can hold 100% of the equity in all investment in new

projects, as well as investments in expansion/diversication projectsby existing companies, irrespective of the level of exports and withoutany product / activity being excluded.

Equity Ownership

A company whose equity participation has been approved will not berequired to restructure its equity at any time as long as the companycontinues to comply with the original conditions of approval andretain the original features of the project.

Investment Guarantee Agreements

Malaysias readiness to conclude Investment Guarantee Agreements(IGAs) is a testimony of the Governments desire to increase foreigninvestor condence in Malaysia. IGAs has concluded Associationof South-East Asian Nations (ASEAN) and Organisation of IslamicCountries (OIC).


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Costs of Industrial Land & Factory Building

Wage Rates


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EXCELENT INFRASTRUCTURE


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HUMAN RESOURCE AVAILABILITY

University of Malaysia Perlis (UniMAP)

University of Technology MARA (UiTM)

Tuanku Syed Sirajuddin Polytechnic

MARA Skill Institute

Matriculation Centre

Kangar Teaching Institute, Behor Pulai

Industrial Training Institute (ILP)

Technical School


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ADVANTAGE FOR LOCATING IN PERLIS

Perlis is offering special industrial incentive package forinvestors as follows:

i. The industrial land price is at a very attractive pricebetween RM4.00 (0.92 USD) to RM 7.00 (1.80 USD)per square foot;

ii. A leasehold period of more than 60 years;

iii. Reduction on land premium for industrial / agriculture use;

iv. Payment of land premium by installment in ve years(in selected places and industries);

v. The purchased land is allowed to be mortgage to nancialinstitutions to secure loan for project implementation;

vi. Approval on the acquisition of the industrial land is within24 hours of ofcial applications; and

vii. One stop centre service to facilitate the approval fromthe relevant authorities within 2 weeks of the application.


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TRAVEL AND TOURISM

Perlis tourism sector is expected to grow thoroughly driven largely

by the unique historical, cultural and natural attraction. Currently,the most frequently visited destinations in Perlis are State Park, GuaKelam Recreational Park, Royal Museum, Lake Timah Tasoh, ChupingSugar Cane Plantation, Wang Kelian Border Market, Herb Gardens,Wang Burma Cave and Snake & Reptile Farm. For those who lovecities and towns with a relaxed pace of life and a little history onthe side, Kangar and Arau, the State Capital and Royal Town, hashistoric buildings such as the Syed Alwi Mosque, Dato Wan AhmadHouse and Arau Royal Palace.

In addition to being home to many historical landmarks and naturalattractions, Perlis enjoys the unique status of most frequent initialpoint of entry for tourist visiting Malaysia for the rst time.

Getting to Perlis

By AirThere are no direct ights to Perlis. Visitors have to y into Alor Setarfrom Kuala Lumpur International Airport and then take a 45 minutes

taxi ride to Kangar.

By RailCatch a train from Kuala Lumpur or Singapore to Arau, Perlis.

By Road (Taxi or Express Bus)Travellers can take a taxi or bus from Kuala Lumpur, Malacca, Penang,Kedah Kelantan, Terengganu, Perak and Johor.


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PERLIS - TOURISM GATEWAYS


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CONTACT DETAILS

For more information on the Perlis advantage,contact us via the details below.

Address 1

General ManagerPerlis State Economic Development CorporationNo. 172-191, Taman KemajuanJalan Raja Syed Alwi01000 KangarPerlis, Malaysia

Telephone / Fax

Tel : 604-9761088Fax : 604-9762181

Address 2

DirectorPerlis State Economic Planning UnitLevel 3, Dato Mahmud Mat Building01000 KangarPerlis, Malaysia

Telephone / FaxTel : 604 - 9702167Fax : 604 - 9762951

Address 3

DirectorMalaysian Industrial Development Authority

4th Floor, East WingNo. 88, Menara Bina Darulaman Berhad05100 Alor SetarKedah, Malaysia

Telephone / FaxTel : 604 - 7313978Fax : 604 - 7312439

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